Think of your trucking insurance premium on a risk meter. The more potential risk an insurance carrier views the higher the premium. Here are the major factors when a carrier determines your rate:
- Your Drivers History:Â A clean driving record in any case will help you secure a much lower rate v.s a driving record which has a history of accidents, violations, and more.
- Business Timeline:Â How long you’ve been in business is a huge factor to determining the premium price. In most cases, businesses with over 2 years will receive a much lower premium than businesses that have less than 2 years.
- Cargo:Â What you haul in your truck and how heavy it is being hauled will impact the risk level which will change the premium.
- Location + Operating Radius:Â The longer the operating distance the higher the premium will usually be. Longer distance means more risk because a driver has an increased risk of accidents, falling asleep behind the wheel, loosing focus on the road, and changing weather conditions throughout different areas.
- Vehicle Type:Â Â The heavier the truck, the more the premium will increase. Heavy truck means more risk in event of an accident.
Blog
Insurance news & money saving tips
If you want to keep up with the latest Wisconsin insurance news stories and headlines, Community Insurance & Associates features an informational blog that covers emerging news and informative insurance-related topics, such as tips and tricks for saving money that may be useful to you; our clients.
Either way, you have come to the right place because our team of experts is ready and waiting to meet your distinct insurance needs.
There are few things in life more exciting than finding a beautiful new Wisconsin home. When you decide on the house of your [...]
Buying a home in Wisconsin is very exciting. Buying Wisconsin homeowners insurance? Not so much. For as uninspiring as shopping for homeowner’s insurance can [...]
Are you in one of the following situations? Buying a new rental property? Or are you converting your primary residence to a rental [...]
Spring and summer are the seasons when many Wisconsin homeowners consider home improvement projects. If you’re one of the many Floridians thinking of [...]
